MindChamps posts 83% jump in Q2 profit
Revenue up 60% on contributions from new centres, higher franchise income
Singapore
MINDCHAMPS PreSchool posted an 83 per cent year-on-year jump in net profit attributable to shareholders to S$1.26 million for the second quarter ended June 30, underpinned by growing student numbers and global franchises.
Revenue rose 60 per cent to S$7.65 million thanks to the acquisition of seven preschool centres in Australia and Singapore, as well as higher franchise income mainly from the sale of a master franchise licence in China. Earnings per share for the quarter clocked 0.52 Singapore cent, up from 0.38 Singapore cent previously.
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